EVENING. Business.

Woolworth exits Mexico: Woolworth Corp. said it sold its...

December 08, 1997

Woolworth exits Mexico: Woolworth Corp. said it sold its Mexican general merchandise business, including 27 stores, to Mexico's Control Dinamico SA de CV, completing the retailer's departure from its namesake "five-and-dime" business. Financial terms were not disclosed. In July, New York-based Woolworth said it would close its general stores to focus on other areas of its retail business.